Back from another great Fall weekend and the Autumn equinox. This weekend the earth’s rotational axis was perfectly perpendicular to the sun. Twice a year, on this day, everywhere on earth the amount of daytime is equally as long as … Continue reading →

Last week the FOMC stated that they would start their third round of Easing, but surprised markets by stating that this time they would be buying Mortgage Backed Securities ($40 billion a month indefinitely) instead of Treasury debt which sent … Continue reading →

This week, the markets will be awaiting the decision from the FOMC meeting ending on Thursday. The big topic of concern will be whether they decide to introduce another round of easing to help stimulate the economy, which is widely … Continue reading →

Congress, through the Federal Housing Finance Agency (FHFA), has the power to force Fannie Mae and Freddie Mac to increase the Guarantee Fee they charge lenders when they sell loans to Fannie and Freddie. And starting on November 1st of … Continue reading →

Wow, wasn’t it just Memorial Weekend? It’s been a wild summer in the mortgage and Real Estate business. Homes are selling like crazy and supply is down (be mindful of the bidding wars out there), interest rates are about the … Continue reading →